Real Estate Digital Revenue Security No.1 Product 'Yeoksam London Ville' Surpasses 10% Sale Yield

Yeoksam Londonville / Photo by Korea Land Trust

[Asia Economy Reporter Hwang Seoyul] The disposal sale yield of the building 'Yeoksam Londonville,' Korea's first real estate digital revenue security (DABS) product, exceeded 10%.

Korea Land Trust announced on the 13th that it held a general meeting of beneficiaries on the 5th through Kasa, the first DABS exchange in Korea, and conducted the asset sale of Yeoksam Londonville. The disposal sale dividend returned to investors was 512 KRW per share, recording a yield of 10.24% (based on a face value of 5,000 KRW). Including the cumulative quarterly operating dividends of 226 KRW (total 6 times) before the sale, the yield reaches 14.76%.

The 'Yeoksam Londonville' building was Kasa's first public offering product. In November 2020, Korea Investment Trust signed a trust contract, and in December of the same year, it issued a total of 2,306,000 shares of real estate digital revenue securities through a public offering.

Korea Land Trust completed the building sale and ownership transfer in June after the general meeting of beneficiaries related to the disposal, and has finished paying dividends to the investment beneficiaries.

Located in Yeoksam-dong, Gangnam-gu, Seoul, 'Yeoksam Londonville' was completed in October 2019. The building has a site area of 29,752㎡ and consists of one basement floor and eight above-ground floors.